Submissions open for Social Impact Award Incubation Program (Ukraine)

Their incubation provides you with all the resources and support you need to turn your idea into a successful venture. As the number of places in the incubator is limited, they ask all interested parties to apply. This will allow their expert jury to select the most promising ideas based on impact potential, degree of innovation, realism and team capacity.

Benefits

• Successful applicants have access to a wide range of opportunities, including the following:
  • Mentoring and support in validating your business and impact model, prototyping your idea, attracting early supporters and customers.
  • A chance to win an award that includes funding, recognition and a ticket to their annual SIA Summit.
  • Connection to their international alumni community of over 1,000 social entrepreneurs from over 25 countries around the world.

Eligibility Criteria

• By adhering to uniform selection criteria, they can fulfill their mission of helping young people take their first steps in the world of social entrepreneurship. Candidates must meet the following criteria:
  • To ensure that their offerings are youth-focused, all core team members must be between the ages of 14 and 30.
  • They welcome both ideas that have not yet been implemented and ideas in the early stages of implementation. However, ideas in the early stages of implementation can only be submitted if the project was founded after January 1 of the previous year.
  • Applicant projects must not receive significant official funding at the time of application. This means official grants from external sources exceeding €6,000 (e.g. angel investments, grants, prize money, etc.).
  • An applicant cannot participate in the SIA incubation with the same idea with which he/she has already participated or won the Social Impact Award in previous years.

Selection Process

• Compliance check
  • Their local SIA team reviews all applications to ensure they meet the formal criteria.
• Selection of jury members
  • Their jury, consisting of experts from the private, public and non-profit sectors, evaluates applications based on their evaluation criteria.
• Announcement of the finalists
  • Their local team announces the finalists who will have the opportunity to undergo incubation at a special event.
• Feedback on the application
  • Their local team provides all applicants (not just finalists) with the opportunity to receive feedback on their application.

For more information, visit SIA.